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Franklin Covey Company (FC)
NYSE:FC
Holding FC?
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Earnings Data
Report Date
Jan 08, 2025After Close Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
$0.15Last Year’s EPS
$0.36Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -17.42%
|Next Earnings Date:Jan 08, 2025
Earnings Call Sentiment|Positive
The earnings call presents a generally positive outlook with significant growth in cash flow, revenue, and strategic investments aimed at accelerating growth. However, there are notable challenges in international markets, particularly in China, and stagnation in the Education division's revenue. The focus on expanding the subscription model and increasing client penetration reflects a proactive approach to overcoming these challenges.Company Guidance
During the Q4 2024 earnings call, Franklin Covey's executives provided detailed guidance, highlighting significant growth metrics and strategic investments. The company reported a fourth-quarter revenue increase of 8% and a full-year revenue of $287.2 million, surpassing the expected $284 million. Their adjusted EBITDA for the quarter grew by 39%, and for the year, it reached $55.3 million, up from $48.1 million in fiscal 2023. They also noted impressive growth in cash flows from operating activities at 69% and a 121% increase in free cash flow. Looking ahead, Franklin Covey plans substantial growth investments, including a $16 million allocation to bolster sales and marketing efforts, aiming to shift revenue growth from mid-to-high single digits to consistent double-digit growth. They forecast a 4.5% revenue growth in fiscal 2025 and project an acceleration to 10%, 12%, and 14% in the subsequent years, with adjusted EBITDA expected to decrease initially to between $40 million and $44 million in fiscal 2025 before rising to $48 million, then $60 million, and reaching $75 million by fiscal 2028.Record Cash Flow Growth
Cash flows from operating activities grew 69% and free cash flow grew 121% for the year, indicating strong financial health and operational efficiency.
Revenue and EBITDA Growth
Fourth quarter revenue grew 8% with full-year revenue at $287.2 million, surpassing the expected $284 million. Adjusted EBITDA for the year increased by 15% to $55.3 million.
Strategic Expansion Plans
Plans to invest $16 million into expanding client penetration and acquiring new clients, aiming to shift growth from single to double digits in the coming years.
Successful Subscription Model Transition
The company has completed its transition to a subscription model, with increased investments in technology and content solidifying its market position.
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FC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $44.09 | $37.55 | -14.83% |
| Jun 26, 2024 | $34.93 | $36.74 | +5.18% |
| Mar 27, 2024 | $38.30 | $39.26 | +2.51% |
| Jan 04, 2024 | $39.37 | $40.66 | +3.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Franklin Covey Company (FC) report earnings?
Franklin Covey Company (FC) is schdueled to report earning on Jan 08, 2025, After Close Not Confirmed.
What is Franklin Covey Company (FC) earnings time?
Franklin Covey Company (FC) earnings time is at Jan 08, 2025, After Close Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FC EPS forecast?
FC EPS forecast for the fiscal quarter 2025 (Q1) is $0.15.
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